Instructure Holdings Inc

GBBNXH3T8

Equity

ISIN US4577901030 / Valor 112407145

New York Stock Exchange, Inc (2024-11-12)

USD 23.60+0.08%

Instructure Holdings Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Instructure Holdings Inc is a company founded in 2008 that is known for its Canvas LMS and Instructure Learning Platform, which are used by millions of students and teachers globally. The company provides educational technology solutions that aim to enhance the learning experience for users.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Instructure Holdings Inc. reported a total revenue of $155.5 million for the first quarter of 2024, marking a 20.7% increase compared to the same period in the previous year. This growth was driven by strong performance across their subscription and support services.

Net Loss

For Q1 2024, Instructure Holdings Inc. recorded a net loss of $21.1 million, which is an increase of $9.3 million from the prior year. The net loss margin also widened to (13.6)%, primarily due to higher interest expenses associated with the acquisition of Parchment.

Adjusted EBITDA

Instructure Holdings Inc. achieved an adjusted EBITDA of $64.9 million in the first quarter of 2024, reflecting a 34.6% increase year-over-year. The adjusted EBITDA margin expanded by 430 basis points to 41.8%, showcasing improved operational efficiency.

Cash Flow

In Q1 2024, Instructure Holdings Inc. reported a negative cash flow from operations amounting to $92.6 million, compared to negative $80.9 million in the same quarter of the previous year. Adjusted unlevered free cash flow was also negative at $65.3 million.

Guidance for Q2 and Full Year 2024

Instructure Holdings Inc. provided guidance for the second quarter and full year 2024. For Q2, revenue is expected to range between $166.5 million and $167.5 million. For the full year, revenue is projected to be between $656.5 million and $666.5 million, with adjusted EBITDA expected to range from $271.0 million to $274.0 million.

Summarized from source with an LLMView Source

Key figures

-3.59%1Y

-10.8%3Y

%5Y

Performance

26.3%1Y

33.4%3Y

36.6%5Y

Volatility